Misrepresentation in square footage leads to rescission of Agreement of Purchase and Sale
A misrepresentation by the seller and real estate agent as to the square footage of a residential property in Stouffville, Ont. resulted in the rescission of the Agreement of Purchase and Sale and the return of the $50,000 deposit. The agent told the plaintiff that the home size was 2,100 square feet, but this information came from the seller and a 12-year-old listing of the home. The MLS listing, based on the same information, represented the size of the home to be 2,000-2,500 square feet. But the appraisal indicated that the size of the home was only 1,450 square feet.
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